Friday, July 30, 2010

Maybe Somebody Should Do Something

If things go well, the economy will be back to pre-recession levels in the 2nd half of 2011. No wonder there is so little investment. And no wonder there is so little hiring!

Things are worse than was predicted and have been worse than we thought. I get that the administration is constrained by a Senate which can't even pass a crappy jobs bill filled with tax breaks which won't do much, but they could have done something with HAMP both to help people and to help the broader economy. And they didn't.